UBS On-Air: Market Moves Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 37)
Jun 11, 2025
Burkhard Varnholt, an expert in global markets, shares insights on the recovery of US equities, emphasizing the weak dollar and solid economic fundamentals. He discusses the implications of European monetary policy shifts and challenges for currency strength. Additionally, Varnholt dives into South Korea’s KOSPI-Index, exploring its recent rally driven by political reform promises and the potential for improved corporate governance to attract global investments. A rich conversation on what future trends may bring!
AI Snips
Chapters
Transcript
Episode notes
Hard Data Drives Wall Street Recovery
- Focusing on hard data, such as resilient GDP and labor markets, predicted the U.S. stock market recovery.\n- Strong U.S. economy currently limits the Fed's ability to cut rates and stimulate growth.
Europe's Monetary Tightening Hidden by Strong Currency
- Strong Swiss franc and euro act like monetary tightening despite ECB and Swiss rate cuts.\n- Fed policy anchors U.S. long-term rates vital for the economy, despite rate differences with Europe.
South Korea's Market Reform Opportunity
- South Korea's new president aims to reform conglomerates, improve governance, and elevate market status to developed.\n- Successful reforms could lift Korea’s stock market via increased global investor capital allocation.